Can $ES Overcome Resistance or It's Another Tumble
ES has been stuck around this level for a while, this is the point that sent price tumbling in July. This would make sense as the 
DXY is also finding support on the 200 week moving average. The longer we take failing to break this level we can be assured that the Dollar will have a cycle low and force the stock market down. The setup in the market is not for one to assume risk but rather manage positions established already, from here markets can unwind for a while and put one under water.
DXY is also finding support on the 200 week moving average. The longer we take failing to break this level we can be assured that the Dollar will have a cycle low and force the stock market down. The setup in the market is not for one to assume risk but rather manage positions established already, from here markets can unwind for a while and put one under water.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.